One Cool Thing
What You Need to Know About the New .REALTOR Domain
We understand that there’s a lot of buzz and excitement building about new domain names in the real estate industry, especially the launch of the new .REALTOR top level domain. In all the excitement, misinformation and confusion can abound. Don’t be confused! Here’s...
CAR Market Matters
Talking Points … According to the latest report from Morningstar Credit Ratings, distressed inventory is on the decline, but the number of months it takes to clear distressed inventory from the market is on the rise. The time to clear this inventory has increased by...
Upcoming Changes for zipForm® 6 Professional Users
Coming soon, zipForm® Plus will be the default browser when accessing zipForm® from the home page of www.car.org. This free upgrade will automatically transfer your files, contacts, forms, clauses and templates to the newest version of zipForm®. The new zipForm® Plus...
FHA Drastically Lowers Loan Limits
Last week, the Federal Housing Administration (FHA) announced it was reducing the loan limit for FHA-insured loans from $729,750 to $625,500 beginning Jan. 1, 2014. However, while the FHA is required by statutes under the Housing and Economic Recovery Act (HERA) to...
NAR Weekly Newsletter
Click here to view the NAR Weekly Newsletter
CAR Market Matters
Talking Points … According to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.), California pending home sales rose in October, with the Pending Home Sales Index (PHSI) climbing 2.5 percent in October to 109.3, up from 106.7 in September, based on signed contracts. ...
Short Sales Not Subject to State or Federal Income Tax for Cancellation of Debt
Short sales in California are generally not subject to state or federal income tax for cancellation of debt. The Franchise Tax Board (FTB) issued a letter yesterday stating that, as nonrecourse obligations, short sales in California are not subject to state income tax...
One Cool Thing
CAR and NAR Support “Homeowner Flood Insurance Affordability Act.”
The NATIONAL ASSOCIATION OF REALTORS® has issued a nationwide Call-for-Action, urging members to contact their Members of Congress in both houses and bring the Homeowner Flood Insurance Affordability Act (H.R. 3370 and S. 1610) to the floor for immediate consideration...